$13.2 billion 4th quarter originations
By COCO SALAZAR
2/6/2006

SunTrust Bank Inc.'s quarterly production slipped, but annual fundings painted another picture.

With $13.2 billion in mortgages closed in the last quarter of 2005, the Atlanta-based bank did not sustain the record $14.6 billion set in the third quarter, according to figures e-mailed by SunTrust spokesman Jim Hines. The latest total, however, is much better than $7.9 billion in the fourth quarter 2004.

In all of 2005, production totaled $47.7 billion, soaring above the prior year's fundings of $30.2 billion.

The servicing portfolio ended the year at $105.6 billion with 733,657 loans, Hines said.

SunTrust announced net income of $513.8 million rose about $3.0 million from the third quarter.

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